Overhaul of Oman’s economic structure accelerates, so does crisis

Issue 1105 - 19 Jun 2020

Sultan Haitham Bin Tariq Al-Said’s decision to merge the State General Reserve Fund (SGRF) and the Oman Investment Fund (OIF) – announced via a royal decree on 4 June – brings to an end a debate that has rumbled on since 2017. The new Oman Investment Authority (OIA) will combine the $14.3bn of assets held by the SGRF and $3.4bn from the OIF. To be independent of the Ministry of Finance (MoF), the new entity will report directly to the Council of Ministers.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

This article is available to registered users


Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles and set up news alerts.


Contact us

Jon Marks
Editorial director

Dominic Dudley

Harry Randle Marsh
Subscriptions and sales

Tel: +44 (0)1424 721667